BTCUSDT SPOTLong
Bitcoin potential scenario
Updated
After an aggressive pullback though the range it is possible that the pre-halving dump is done with. BTC's price got to a level where it no longer seemed a viable buy and will need either a pullback to offer better value or a period of reaccumulation which is what we may have experienced in the previous weeks.
I have mapped the Wyckoff reaccumulation schematic over the recent range and it more or less fits, bearing in mind it will never fit perfectly. I looked at both the distribution schemas and schema 2 is a potential fit but without the UTAD in phase 2. We'll soon know if the range's low is broken and retested
Confirmation that we are at least moving up to the higher end of the range will be if we break and retest 64516 with an H4 context
I have mapped the Wyckoff reaccumulation schematic over the recent range and it more or less fits, bearing in mind it will never fit perfectly. I looked at both the distribution schemas and schema 2 is a potential fit but without the UTAD in phase 2. We'll soon know if the range's low is broken and retested
Confirmation that we are at least moving up to the higher end of the range will be if we break and retest 64516 with an H4 context
Note
It barely closed the H4 above the level. Not very convincing Note
More conviction now. Worth a punt! Note
Asia tapped me out. I had small risk on because I thought the halving may do something... anything 😂 Note
The super high time frames didn't flip to the downside but we can see now that BTC us bullish up to the H8. I'd be thrilled with a daily close above 66848
Vagrant market bully.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.
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